U.S. Bancorp (USB) Investor presentation summary

Financial performance and highlights

• Diluted EPS rose 18% year-over-year to $1.26, with net income of $2,045M and net revenue of $7,365M in Q4 2025.

• Return on tangible common equity reached 18.4%, and return on average assets was 1.19%.

• Net interest income and margin expanded, supported by record consumer deposits and balance sheet remixing.

• Fee income surpassed mid-single-digit growth targets, driven by diversified fee businesses.

• Net charge-off ratio improved to 0.54%, and CET1 capital ratio ended at 10.8%.

Business mix and client base

• Average assets totaled $684B, with $515B in average deposits and $384B in average loans.

• Revenue mix: 31% Consumer & Business Banking, 26% Payment Services, 43% Wealth, Corporate, Commercial & Institutional Banking.

• Serves ~13M consumer, ~1.4M business, ~500K wealth, and ~48K corporate/institutional clients.

Digital innovation and product development

• Launched Digital Assets and Money Movement organization to accelerate digital product growth, including stablecoin issuance and crypto custody.

• Introduced enhanced SinglePoint® treasury management platform and AI-driven cash forecasting tool for business clients.

• Rolled out Split™ World Mastercard® for automatic no-fee, no-interest installment payments and expanded subscription management for cardholders.